Network-induced delays and packet dropouts are relevant issues that can degrade networked control systems' performance and may even lead to instability. This paper concerns the establishment of a stability criterion for networked control systems (NCSs) consisting of an LTI process and a dynamic feedback controller. Conditions for stability are provided in terms of Linear Matrix Inequalities (LMIs), whose solution yields network-induced delay upper bounds. Numerical examples and a simulation ratify the theoretical results.